Holder Repurchase Date definition

Holder Repurchase Date has the meaning specified in Section 1301.
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Holder Repurchase Date means the date fixed, pursuant to Section 8(d), for the settlement of the repurchase of the Convertible Preferred Share by the Corporation pursuant to a Holder Repurchase.
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Holder Repurchase Date means the date fixed, pursuant to Section 8(d), for the settlement of the repurchase of the Convertible Preferred Share by the Company pursuant to a Holder Repurchase.
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Examples of Holder Repurchase Date in a sentence

  • Subject to the other terms of this Section 8, each Holder will have the right (the “Holder Repurchase Right”) to require the Company to repurchase all, but not less than all, of such Holder’s Convertible Preferred Shares on a Holder Repurchase Date occurring on or after the Holder Repurchase Trigger Date (determined pursuant to Section 8(d)) for a cash purchase price equal to the Holder Repurchase Price.

  • Subject to Section 8(c), the Company will cause the Holder Repurchase Price for each Convertible Preferred Share to be repurchased pursuant to a Holder Repurchase to be paid to the Holder thereof on or before the later of (i) the applicable Holder Repurchase Date; and (ii) the date the Certificate representing such share is delivered to the Company.

  • Except as provided in this Section 5(b), Section 7(a)(iv), Section 7(b)(v) or Section 8(e), Dividends on any Convertible Preferred Share will cease to accumulate from and after the Company Redemption Date, Change of Control Redemption Date, Holder Repurchase Date or Conversion Date, as applicable, for such share, unless the Company defaults in the payment of the related Company Redemption Price, Change of Control Redemption Price, Holder Repurchase Price or Conversion Consideration, as applicable.

  • The Holder Repurchase Date for the Holder Repurchase of any Convertible Preferred Share will be the tenth (10th) Business Day after the date the Holder of such Convertible Preferred Share has duly delivered the Holder Repurchase Notice relating to such share to the Company pursuant to Section 8(f); provided, however, that the Holder Repurchase Date will in no event be before the Holder Repurchase Trigger Date.

  • Subject to the other terms of this Section 8, each Holder will have the right (the “Holder Optional Repurchase Right”) to require the Company to repurchase (a “Holder Optional Repurchase”) all, or any whole number of shares that is less than all, of such Holder’s Convertible Preferred Stock on a Holder Repurchase Date occurring on or after the Holder Optional Repurchase Trigger Date (determined pursuant to Section 8(d)) for a cash purchase price equal to the applicable Holder Repurchase Price.

  • In the case of a Change of Control for which the Holder exercises its Holder Repurchase Right with respect to a Note or portion thereof, such conversion right in respect of the Note or portion thereof shall expire at the close of business on the Business Day immediately preceding the Holder Repurchase Date.

  • In case a Note or portion thereof is called for repurchase or redemption, such conversion right in respect of the Note or the portion so called, shall expire at the close of business on the Business Day immediately preceding the Holder Repurchase Date or the Optional Redemption Date, as applicable, unless the Company defaults in making the payment due upon such repurchase or redemption, as applicable.


More Definitions of Holder Repurchase Date

Holder Repurchase Date means the date fixed, pursuant to Section 8(d), for the settlement of the repurchase of the Convertible Preferred Stock by the Company pursuant to a Holder Optional Repurchase, a Holder Change of Control Repurchase, a Holder Triggering Event Repurchase or a Bankruptcy Triggering Event Repurchase, as applicable. “Holder Repurchase Notice” means a notice (including a notice substantially in the form of the “Holder Repurchase Notice” set forth in Exhibit C) containing the information, or otherwise complying with the requirements, set forth in Section 8(f)(ii) and Section 8(f)(iii). “Holder Repurchase Price” means the cash price payable by the Company to repurchase any share of Convertible Preferred Stock upon the applicable Holder Repurchase, calculated pursuant to Section 8(e). “Holder Repurchase Right” means, collectively, the Holder Optional Repurchase Right, the Holder Change of Control Repurchase Right and the Holder Triggering Event Repurchase Right. “Holder Triggering Event Repurchase” has the meaning set forth in Section 8(c). “Holder Triggering Event Repurchase Right” has the meaning set forth in Section 8(c). “Initial Exchange Cap Allocation” has the meaning set forth in Section 11(g). “Initial Issue Date” means December 21, 2023. “Initial Liquidation Preference” means one thousand dollars ($1,000) per share of Convertible Preferred Stock. “Insolvency Proceeding” is any proceeding by or against any Person under the United States Bankruptcy Code, or any other bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking reorganization, arrangement, or other relief. “Investors” shall have the meaning set forth in the Subscription Agreement. “Junior Stock” means any class or series of the Company’s or its Subsidiaries’ stock whose terms do not expressly provide that such class or series will rank senior to, or equally with, the Convertible Preferred Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively) or with respect to the distribution of assets upon the Company’s liquidation, dissolution or winding up. Junior Stock includes the Common Stock. “Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind, whether voluntarily incurred or arising by operation of law or otherwise against any property.
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Holder Repurchase Date has the meaning specified in Section 11.1(a).
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Related to Holder Repurchase Date

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Repurchase Date has the meaning specified in Section 14.1.

  • Fundamental Change Repurchase Date shall have the meaning specified in Section 15.02(a).

  • Accelerated Repurchase Date shall have the meaning specified in Section 14(b)(i) of this Agreement.

  • VWAP Purchase Date means, with respect to any VWAP Purchase made hereunder, the Business Day following the receipt by the Buyer of a valid VWAP Purchase Notice that the Buyer is to buy Purchase Shares pursuant to Section 1(c) hereof.

  • Fundamental Change Purchase Date has the meaning specified in Section 8.01(a).

  • Fundamental Change Repurchase Price shall have the meaning specified in Section 15.02(a).

  • Change of Control Purchase Date shall have the meaning specified in Section 10.1.

  • Purchase Date means one or more dates during an Offering selected by the Board on which Purchase Rights will be exercised and on which purchases of shares of Common Stock will be carried out in accordance with such Offering.

  • Fundamental Change Repurchase Notice shall have the meaning specified in Section 15.02(b)(i).

  • Mandatory Purchase Date means the Purchase Date for a Mandatory Purchase in accordance with this Statement and the VRDP Purchase Agreement.

  • Repurchase Value means the Fair Market Value in the event the award to be repurchased under Section 10.2 is comprised of shares of Common Stock and the difference between Fair Market Value and the Exercise Price (if lower than Fair Market Value) in the event the award is a Stock Option or Stock Appreciation Right; in each case, multiplied by the number of shares subject to the award.

  • Fundamental Change Purchase Price has the meaning specified in Section 5.01(a).

  • Change of Control Redemption Date shall have the meaning set forth in Section 7.2;

  • Change of Control Purchase Price shall have the meaning specified in Section 10.1.

  • Stock Purchase Date has the meaning specified in the Stock Purchase Contract Agreement.

  • Final Purchase Date means the final date on which a purchase and sale of Loans and their Related Security is completed pursuant to the terms of the Mortgage Sale Agreement;

  • Fundamental Change Purchase Notice has the meaning specified in Section 3.01(a)(i).

  • Change of Control Repurchase Event means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

  • Redemption Call Purchase Price has the meaning ascribed thereto in section 5.2(a);

  • Repurchase Price means, with respect to any Loan the Book Value, adjusted to reflect changes to Book Value after Bank Closing, plus (i) any advances and interest on such Loan after Bank Closing, minus (ii) the total of amounts received by the Assuming Bank for such Loan, regardless of how applied, after Bank Closing, plus (iii) advances made by Assuming Bank, plus (iv) total disbursements of principal made by Receiver that are not included in the Book Value.

  • Optional Purchase Date As defined in Section 8.01(a) of the Servicing Agreement. Optional Purchase Percentage: 10.00%.

  • Change of Control Redemption Price shall have the meaning set forth in Section 7.3;

  • Repurchase Amount shall have the meaning set forth in Section 4.2 hereof.

  • Failed Remarketing Condition—Purchased VRDP Shares Redemption means redemption by the Fund, at a Redemption Price equal to $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but excluding, the date fixed by the Board of Directors for redemption, of VRDP Shares that the Liquidity Provider shall have acquired pursuant to the Purchase Obligation and continued to be the beneficial owner of for federal income tax purposes for a period of six months during which such VRDP Shares cannot be successfully remarketed (i.e., a Failed Remarketing Condition--Purchased VRDP Shares shall have occurred and be continuing for such period of time with respect to such VRDP Shares), determined by the Fund on a first-in, first-out basis, in accordance with and subject to the provisions of the VRDP Fee Agreement and this Statement.

  • Repurchase Upon Fundamental Change means the repurchase of any Note by the Company pursuant to Section 4.02.